PINS
📈 Pinterest shares surged up to 18% (13% in pre-market) after its Q2 revenue forecast of $960-$980 million surpassed analyst expectations at the midpoint.
🤖 The positive outlook is attributed to the company’s successful efforts in leveraging Artificial Intelligence to personalize user experiences and drive growth, alleviating concerns about an advertising slowdown.
🤝 CEO Bill Ready highlighted that their AI capabilities are a key differentiating factor, making Pinterest a very valuable partner for advertisers and boosting confidence in future performance.
@bernardodegarcia:
“Let’s now go with the results of Pinterest. Another company that fell yesterday, rising 13% in pre-market trading after second-quarter revenue forecasts surpassed estimates at its midpoint, further alleviating concerns about an advertising slowdown. Shares advanced as much as 18% on indications that efforts to use AI to drive growth are finally paying off. Second-quarter revenue will be between $960 to $980 million, according to the company, surpassing analyst expectations of $960 and almost $4 million. ‘Our ability to leverage AI to personalize our users’ experience is a key differentiating factor,’ said CEO Bill Ready. On a conference call with analysts, he added that ‘it also makes us a very valuable partner for advertisers.'”
Watch the exact part of the video where @bernardodegarcia talks about Pinterest here:
Watch the video on YouTube
Read more articles by the world’s top 100 analysts on Pinterest (PINS) at the following link. PINS stock.
